Bill Gross invested more than $700 mln in Janus bond fund
[BOSTON] Star bond fund manager Bill Gross has pumped more than US$700 million of his own money into the Janus Global Unconstrained Bond Fund, Janus Capital Chief Executive Dick Weil said on Thursday.
"At the end of 2014, Bill had invested more than US$700 million of his personal money in the Global Unconstrained Bond Fund," Mr Weil said on a conference call.
"He fundamentally believes that investing alongside of clients aligns interests. He believes in eating his own cooking."
Janus shares were up 5.6 per cent at US$17.19 during Thursday morning trading on the New York Stock Exchange.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Hong Kong crypto ETF launches will test ambition to be digital-asset hub
Visa results beat expectations on strong consumer spending trends
Goldman Sachs shares rise to notch first record high since 2021
Abu Dhabi returns to debt market with new US dollar bond
Ping An profit falls as market declines hurt investment returns
BOJ will hike rates if trend inflation accelerates, says Ueda